New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 17, 2012
10:46 EDTTOT, CQP, LNCheniere Energy rises after partnership signs long-term deal with Total
Cheniere Energy (LNG) is climbing after the company's limited partnership, Cheniere Energy Partners (CQP), signed a 20 year deal deal with French energy company Total (TOT). Under the deal, which was announced earlier this morning, Total agreed to buy about 2M tons of liquid natural gas annually from Cheniere Energy Partners. Total will buy the gas at fixed premium to the monthly Henry Hub price. Deliveries of the natural gas could start as early as 2018, Cheniere Energy Partners indicated. The deal is subject to certain conditions, including the attainment by Cheniere Energy Partners of required regulatory approvals and obtaining financing. In mid-morning trading, Cheniere Energy rose 70c, or 4.10%, to $17.79, while Cheniere Energy Partners advanced 3.61% to $20.95.
News For LN;CQP;TOT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 28, 2015
15:12 EDTTOTTotal volatility elevated as WTI oil above $45
Subscribe for More Information
August 27, 2015
05:32 EDTTOTTotal sells North Sea midstream assets for $905M
Subscribe for More Information
August 23, 2015
17:49 EDTTOTIran to increase oil production as BP, Shell express interest, Bloomberg says
Subscribe for More Information
August 20, 2015
06:10 EDTTOTAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
August 18, 2015
08:12 EDTTOTGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use